President Bumps Fed Pay, Grinds Everybody Else

"On December 26, the day before President Obama’s pay-bump order, U.S. Treasury Secretary Timothy Geithner announced that on December 31, the nation would reach its debt ceiling of $16.4 trillion and have to undertake “extraordinary measures” to avoid default. Those extraordinary measures would include benefit cuts, higher taxes and less take-home pay for virtually all Americans fortunate enough to have a job. The House has approved a bill to rescind the pay raise executive order but a full 129 House members sided with the raise. That confirms that the government ruling class views everybody else in the spirit of 'let them eat cake.'”